ASRock expects video card prices to drop

Posted on Friday, June 18 2021 @ 13:48 CEST by Thomas De Maesschalck

DigiTimes has some news from the latest financial report from ASRock. The Taiwanese hardware maker recorded its highest net profit to date in Q1 2021. Earnings came in at NT$499 million (US$17.88 million), 167 percent more than the year before.

We're not going to cover the boring details. One of the more interesting tidbits from the report is that ASRock expects video cards prices will drop as demand from Chinese cryptocurrency miners is falling:

ASRock expects its sales to grow sequentially in the third quarter, despite component shortages and dropping graphics card prices amid shrinking demand from China's cryptomining sector.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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